Conrad Industries Inc. (OTCMKTS:CNRD) Shares Shorted: Short Interest Up 1,515.4% in October

Conrad Industries Inc. (OTCMKTS:CNRD) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 210 shares, an increase of 1,515.4% from the September 30th total of 13 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 3,176 shares, the short-interest ratio is presently 0.1 days.

Conrad Industries Stock Performance

Shares of OTCMKTS CNRD remained flat at $28.30 during midday trading on Monday. The company had a trading volume of 490 shares, compared to its average volume of 1,783. Conrad Industries has a 52-week low of $22.80 and a 52-week high of $33.33. The company’s 50-day moving average is $29.10 and its two-hundred day moving average is $27.32. The company has a market capitalization of $142.07 million, a PE ratio of 8.52 and a beta of 0.54.

Conrad Industries (OTCMKTS:CNRD) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.65 earnings per share for the quarter. Conrad Industries had a return on equity of 16.27% and a net margin of 5.68%.

Conrad Industries Company Profile

Conrad Industries, Inc is a shipbuilding and marine repair company headquartered in Morgan City, Louisiana. Founded in 1948, the company designs, constructs, repairs and converts vessels for commercial, military and government customers.

Its projects have included tugboats, towboats, ferries, offshore support vessels, dredges, barges and other specialized marine equipment. Conrad works with both steel and aluminum construction and provides services such as vessel maintenance, refurbishment, conversion and repair.

The company operates shipyards along the U.S.